MBNA hoping to crack Egg deal

US credit card firm MBNA was today reported to be lining up a £900m (€1.3bn) bid for online bank Egg.

MBNA hoping to crack Egg deal
Sun, 05 Jun, 2005 - 11:34

US credit card firm MBNA was today reported to be lining up a £900m (€1.3bn) bid for online bank Egg.

MBNA is understood to have already hired advisers and is expected to make a formal approach shortly to Prudential, the insurer that owns 79% of Egg.

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CourtsBusinessHeathrowPlace: USPlace: UKPlace: ChesterPlace: DerbyPlace: DudleyPlace: LondonPlace: EuropePerson: Mark TuckerPerson: TuckerPerson: Jonathan BloomerOrganisation: MBNAOrganisation: EggOrganisation: PrudentialOrganisation: The ObserverOrganisation: PruOrganisation: Royal Bank of ScotlandOrganisation: Manchester United
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